On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Join. As informed by the 2 firms, a choose group of creators on Twitter will quickly be capable to obtain their earnings on the platform within the type of the USD Coin (USDC) stablecoin. Funds will happen by way of the Polygon (MATIC) community, a layer-2 blockchain recognized for its low charges, quick transaction pace, progressive zero-knowledge expertise and integration with Ethereum (ETH).
As a centralized platform, content material creators and freelancers would first have to tempo Know Your Buyer onboarding checks performed by Stripe. Afterward, they’ll handle their account particulars, observe real-time earnings and upcoming payouts into their crypto wallets.
By the tip of the yr, Twitter and Stripe plan to develop this system to over 120 nations. Concerning the event, Esther Crawford, Twitter’s product lead for creators, commented:
“We’re excited to start providing crypto payouts to creators by way of Stripe, so that they have extra selection in how they receives a commission.”
On the time of publication, Twitter is being focused in a “hostile takeover” by billionaire entrepreneur and Tesla CEO Elon Musk. As informed by Musk, his high pledges, ought to his bid for the corporate succeed, are to chop down on the cryptocurrency scam tweets spreading throughout the platform and maybe introduce a Dogecoin (DOGE) payment option for its Twitter Blue month-to-month subscription service.
— Stripe (@stripe) April 22, 2022